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Start paying attention again to Litecoin as the technical structure shows signs worth observing.
The MA200 line – one of the most important trend indicators on the daily chart – is beginning to bend upward.
Although the overall long-term trend has not yet fully exited the downtrend, the MA200 changing direction indicates that selling pressure has significantly weakened compared to previous phases.
Previously, when $LTC touched the MA200, the price had a strong rebound from the $65 region up to $104, creating an impressive recovery.
Currently, the price is once again testing the MA200 area.
Although there are times when it briefly dips below, the daily candle still closes above this moving average – which is a relatively positive technical signal.
In this context, if buying demand continues to sustain, it is entirely possible that $LTC will bounce back from the current support zone up to around $70.
However, to confirm a sustainable reversal, the price still needs additional confirmation from volume and the higher lows – higher highs structure.
In summary, the MA200 is becoming a decisive zone for Litecoin’s short- and medium-term trend.
If this zone holds, a technical recovery is a promising possibility.
{spot}(LTCUSDT)